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is economic problems does this tax debate or even this fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and paul church i don't do it anymore books boys much so you do not read a history book. there you go and the f.c.c. is reportedly investigating deutsche bank providing twelve billion dollars in derivatives trading losses in two thousand and eight yeah yeah how does a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism oh we'll break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally something we can agree on more in loose change let's get to today's capital account. our guest kevin phillips made a name for himself in the late one nine hundred sixty s. as a g.o.p. operative who coined the phrase and wrote the book the emerging republ
is economic problems does this tax debate or even this fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and paul church i don't do it anymore books boys much so you do not read a history book. there you go and the f.c.c. is reportedly investigating...
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Dec 17, 2012
12/12
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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is that democrats and republicans in congress work together to find a compromise on tax cuts. in other words, we're all going to die. [ laughter ] now last week the democrats made the first move until this game fiscal chicken. >> the democratically-controlled senate passed a democratic bill renewing the tax cuts but only for people earning less than $250,000. >> the senate has approved a democratic tax plan that includes higher rates for high earners. >> stephen: wait, a second did they say the democrats passed a democratic plan? that can't be right. wait a second is this some kind of dream? let me check my totem. hold on one s
. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is...
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Aug 8, 2012
08/12
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. >> what he says, is he wig to go to fiscal cliff come january 1st. have everybody's marginal tax rates rides. the point of this is he knows that the real money ♪ with bill o'reilly. he knows that the real money is with the middle class. is he doing everything possible to go after the middle class in terms of the 28 obama care taxes that are going to january 1st. >> bill: i don't believe that for a second. i think -- i just don't believe that for eakd is. what the president's to do is set up a two tier structure. the wealthy in business support everybody else. that's what he wants. >> but he knows the real money is with the middle class and that's coming in second term. >> he may know that. >> mark my word. >> he doesn't care we owe 16 trillion. the president of the united states does not care. >> how you can give tax breaks about caring about the deficit. >> it's not my job to do that. >> romney's job to come up with a plan. he doesn't have one. >> he does have one. >> if he doesn't have one in august you can go run around. the president of the uni
. >> what he says, is he wig to go to fiscal cliff come january 1st. have everybody's marginal tax rates rides. the point of this is he knows that the real money ♪ with bill o'reilly. he knows that the real money is with the middle class. is he doing everything possible to go after the middle class in terms of the 28 obama care taxes that are going to january 1st. >> bill: i don't believe that for a second. i think -- i just don't believe that for eakd is. what the president's to...
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obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignore it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's
obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you...
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Dec 4, 2012
12/12
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coming up, i'll talk live to a democrat who says america should go over the fiscal cliff. i'll ask him why next. there's a health company that can help you stay that way. what's healthier than that? i had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if yo
coming up, i'll talk live to a democrat who says america should go over the fiscal cliff. i'll ask him why next. there's a health company that can help you stay that way. what's healthier than that? i had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it...
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Jul 29, 2012
07/12
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WJLA
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we have the fiscal cliff coming up with our own policy at the end of the year. dodd/frank is two years old. it's about half-written. food prices are going up in part because we're putting 40% of corn crops in our gas tank because of ethanol. and the election itself is a great source of uncertainty. >> ruth, some people have gotten the sense that this economy has been ahead for so long and people are now having to resettle at a different point and that basically what's going to happen, americans shrug their shoulders and say, listen, not much a president can do about this, i'm going to pick a president that i feel more in sync with, which seems to be an advantage with the president. but will the economy and those factors talked about still determine it? >> i think so. since everybody's throwing out numbers, my favorite one for the week is 53% of those in the nbc/"wall street journal" disapprove of president obama's handling of the economy. people understand that there's a limited amount what the president can do. the most powerful argument from the republican sid
we have the fiscal cliff coming up with our own policy at the end of the year. dodd/frank is two years old. it's about half-written. food prices are going up in part because we're putting 40% of corn crops in our gas tank because of ethanol. and the election itself is a great source of uncertainty. >> ruth, some people have gotten the sense that this economy has been ahead for so long and people are now having to resettle at a different point and that basically what's going to happen,...
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Jul 9, 2012
07/12
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KPIX
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. >> we've got the fiscal cliff coming at the end of the year. what we ought to be doing is extend the current tax rates for another year. >> reporter: today's announcement comes as the president deals with three months of sluggish job growth. in recent weeks, he's begun to feel increased pressure from hisis own party to change his economic message. >> he's going to have to say to something more than we are making progress. it's slow progress.ress, it's i was dealt a bad hand. now, he's got to be a bit bolder. >> reporter: the obama campaign hopes this announcement coming in just about two hours will get people's attention. the president goes to battleground states in the days to come. he'll campaign on this tax cut for the middle class. it's aimed at drawing a sharp contrast with romney, who, by the way, is doing very well. his campaign raised $106 million in june alone. er charlie, erica.plant >> bill plant, thank you. ed rendell is also the former s chairman of the democratic national committee. he has a new book called "a nation of wusses." l
. >> we've got the fiscal cliff coming at the end of the year. what we ought to be doing is extend the current tax rates for another year. >> reporter: today's announcement comes as the president deals with three months of sluggish job growth. in recent weeks, he's begun to feel increased pressure from hisis own party to change his economic message. >> he's going to have to say to something more than we are making progress. it's slow progress.ress, it's i was dealt a bad hand....
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Dec 29, 2012
12/12
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the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r.
the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders....
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Nov 18, 2012
11/12
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back, the president and congressional leaders meet on the fiscal cliff, and, surprise... come out sounding optimistic. but are they, really? ♪ music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> chris: still to come our power player of the week. >> scary, overwhelming, frightening, unbelievable. >> chris: she started piano lessons at age 9, six years later, had a music scholarship to howard university. >> if you have fundamentals, you can go anywhere. >> chris: stay tuned. we'll be right back. ♪ >> president barack obama: my hope is that this is going to be the beginning of a fruitful process, where we are able to come to an agreement, that will reduce our deficit.
back, the president and congressional leaders meet on the fiscal cliff, and, surprise... come out sounding optimistic. but are they, really? ♪ music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people...
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Nov 14, 2012
11/12
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FBC
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i think the fiscal cliff will come up as well as the issue of general petraeus.
i think the fiscal cliff will come up as well as the issue of general petraeus.
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Nov 18, 2012
11/12
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but when it comes to the fiscal cliff, i was in congress. i guarantee if he this just put a bandaid on this we will be in others fiscal cliff a few months from now. we need structure changes. that could be a balanced budget. and a limit on the growth in government spending so we can't grow faster than the economy or population growth. limbing government spending as a percentage of gdp. without those structural changes we're aren't getting anywhere. this is just kicking the can down the road. and let's also be clear, this country doesn't need two liberal or democratic parties. we have to show our polls are appealing and work for the middle class but we don't need to abandon our principles. we don't need two democratic parties. >> look at it, when the pen is holding up his pen and saying i'll sign extending tax cuts, lower taxes which is a republican mantra for 9 8% of americans and the republicans are saying not so fast, bill crystal was on this show last week and he said it wouldn't kill the republicans to raise taxes on millionaires a also
but when it comes to the fiscal cliff, i was in congress. i guarantee if he this just put a bandaid on this we will be in others fiscal cliff a few months from now. we need structure changes. that could be a balanced budget. and a limit on the growth in government spending so we can't grow faster than the economy or population growth. limbing government spending as a percentage of gdp. without those structural changes we're aren't getting anywhere. this is just kicking the can down the road....
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i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no exceptions, no deductions that would be one page tax code. whats wro with that, michael. >> because we live in a complex country with complex countr you don't want people, somebody with $50,000 of emergency medicalxpenses exactly the same as somebody who doesn't have those things? you want to tree somebody, the fact of the matter is you want to lance between simplicity and targeting. you want to balance between fairness and revenue. you need to make these - melissa: who dids decides what is fair? get out there and we pick nners and losers we say who's problem is worth taxpayer dollars and who's problem is not t
i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no...
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cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this. and longs we continue to lie to the american people that you can solve this problem without adjusting and working on those programs, it is dishonest beneath anybody in washington. >> but right now the only thing i hear, the only thing we see is middle class families being asked over and over again to be the ones who have the burden in solving this problem and we are saying no. >> so you see those congressional members debating this morning on abc this week with george stephanopoulos. so far both parties have held a lot of news conferences to posture their talks but george stephanopoulos said there's been less than one hour of serious negotiating. lisa argen is here with a preview of the accuweather forecast. not looking too serious out there. >> no. it's calm. eme
cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this. and longs we continue to lie to the american people that you can solve this problem without adjusting and working on those programs, it is dishonest beneath anybody in washington. >> but right now the only thing i hear, the only...
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Dec 6, 2012
12/12
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. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gat
. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this...
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Nov 27, 2012
11/12
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that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford anything and that's what i'm concerned about. >> so, let me talk about the solution here because we talked back in may about this. we're finally here at the deadline, right. you talk ed at the time about wanting a simpler tax system and were open to some people paying more and you said some in the republican tea party would be okay with that. here's you on this program back in may. >> i'd make it a point never to speak for my colleagues or counterparts in the house, but i'm not aware of anyone who would say that if one american might end up paying a little bit more, that would necessarily kou count them out. >> so, i want to understand what you mean. are you open to a compromise in which if you closed looph
that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford anything and that's what i'm concerned about. >> so, let me talk about the solution here because we talked...
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Sep 12, 2012
09/12
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i think at this point, though, we are who we are, let's look at the year-end fiscal cliff and the problems that will result. and let's deal with it. let's come up with some of the spending reductions necessary for this first year to meet the requirements of the sequestration. there are ways we can do that. again, over $3 trillion budget, we can come up with roughly the $100 billion needed. and let's also put in place a short-term extension of the existing tax code. and for me, that would be until july 4th. i like that date, because it's independence day, and during that time, let's force congress to get its job done. let's go to work right after the first of the year. >> one final question, though. because i know you're going to be playing on barack obama getting ready with mitt romney for the debates. and one question that hopefully will come up, is asking mitt romney this. he didn't agree on a sequester, as he just said. he wants to increase defense spending to 4% of gdp. one estimate says that would be another $100 billion. we're not spending now extra in 2013. he wants to keep some of
i think at this point, though, we are who we are, let's look at the year-end fiscal cliff and the problems that will result. and let's deal with it. let's come up with some of the spending reductions necessary for this first year to meet the requirements of the sequestration. there are ways we can do that. again, over $3 trillion budget, we can come up with roughly the $100 billion needed. and let's also put in place a short-term extension of the existing tax code. and for me, that would be...
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Nov 29, 2012
11/12
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now the fight over the fiscal cliff at home. potential economic disaster that has come down to who blinks first, really. leaders in both policemen parties today accuse the other of not taking the situation seriously as tax hikes, rather, speakerration of the bush tax cuts will take effect. so taxes will go up unless someone does something. today, geithner met with the power players on the hill. the president says any deal has to raise taxes on families earning more than $250,000 a year. republicans say that is something they "could" be willing to consider but if and only if the president meets them halfway. house speaker boehner says they are not any closer to a deal publicly. >> all eyes or on the white house. the country doesn't need a victory lap but leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are willing to make. >>shepard: the democrats say any are open to spending cuts but no one has been specific. no one is specific. they say the republicans will
now the fight over the fiscal cliff at home. potential economic disaster that has come down to who blinks first, really. leaders in both policemen parties today accuse the other of not taking the situation seriously as tax hikes, rather, speakerration of the bush tax cuts will take effect. so taxes will go up unless someone does something. today, geithner met with the power players on the hill. the president says any deal has to raise taxes on families earning more than $250,000 a year....
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Jul 9, 2012
07/12
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MSNBC
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cliff coming in a year. take a listen to what he said. >> what we ought to be doing is extending current tax rates for another year with a hard requirement to get through comprehensive tax reform. >> this tells us we'll have some sort of extension that will not be permanent. >> probably so. and i think one of the things politically to pay attention to here is the deep division within the republican -- the democratic party on this issue in that the president is taking a different for million dollar ceiling instead of $250,000 floor. that's important going into the fall as well. it's a gift for republicans. we can point to obama care as being the largest tax increase in the history of the country, coupled with another tax increase by repealing the bush tax cuts which now in my opinion are obama tax cuts because he was for them a couple years ago. i think this issue is an intense one and directly relates to the economy. the people out there understand health care has an effect on the economy but not like taxes
cliff coming in a year. take a listen to what he said. >> what we ought to be doing is extending current tax rates for another year with a hard requirement to get through comprehensive tax reform. >> this tells us we'll have some sort of extension that will not be permanent. >> probably so. and i think one of the things politically to pay attention to here is the deep division within the republican -- the democratic party on this issue in that the president is taking a...
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Nov 27, 2012
11/12
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>> bret: we will probably have more panels on the fiscal cliff i'm guessing. that is it for this panel. stay tune to see original reporting on yesterday's big headline. - what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! >> finally tonight, this year's cyber monday led to some not so unique newscasts. >> local news outlets across the country have been reporting on this big day and each station has their own unique spin. pretty cool. >> it's cyber monday, a day on the retail calendar that can be enjoyed from a desk or the couch. >> enjoyed from a desk or couch? , enjoyed from a desk or the couch. >> enjoyed from a desk or the couch. >> enjoyed from a desk or the couch. >> enjoyed from the desk or
>> bret: we will probably have more panels on the fiscal cliff i'm guessing. that is it for this panel. stay tune to see original reporting on yesterday's big headline. - what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they...
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fiscal cliff and doesn't put in place policies to cover federal debt the moody's statement reads if those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to g.d.p. over the medium term the rating will likely be affirmed in the elec return to stable if those negotiations fail to produce such policies however moody's would expect to lower the rating probably to eight so there's two ways to reduce the debt you can cut spending you can raise taxes republicans of no we're taking raise the raising taxes off the table isn't it isn't it probable that we're going to go off the cliff on january first and sometime in the next week or two after that congress is going to get together and say ok all the taxes just went up on everybody right as the bush tax cuts went away for everybody at the close so let's so let's cut let's cut taxes on the nih. percent and all the republicans who have sworn failed to to grover norquist will have to go along with it and it will work or it will be as one of those is sworn silty but first of
fiscal cliff and doesn't put in place policies to cover federal debt the moody's statement reads if those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to g.d.p. over the medium term the rating will likely be affirmed in the elec return to stable if those negotiations fail to produce such policies however moody's would expect to lower the rating probably to eight so there's two ways to reduce the debt you can cut...
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Dec 8, 2012
12/12
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cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> if congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to
cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans...
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Nov 28, 2012
11/12
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more "money" coming up. ♪ ♪ . melissa: and now, to the fiscal cliff. things seem to take a 180 as news out of the white house indicated progress, made. earlier senator orrin hatch said both sides were about 23 dal billion away from a deal. that sounds like a lot. in washington that is nothing, going over the cliff. we were looking more than 600 dal billion in tax increases and spending cuts. wall street was pleased what they heard today. the president is meeting with top ceos as we speak. make of that what you like. with his take, wyoming senator john barrasso. thanks for coming back to the show. we always appreciate your time. >> thank you, melissa. melissa: what do you think? are we getting closer? to me 23 dal billion, that is a little money. but to you guys that is coins in the couch cushion. >> i want to find a solution. i want us to get to an answer on this. some democrats said we should go over the fiscal cliff. i think that would be a mistake. i met earlier today with the same ceos that the president is meeting with at this hour. we need to fin
more "money" coming up. ♪ ♪ . melissa: and now, to the fiscal cliff. things seem to take a 180 as news out of the white house indicated progress, made. earlier senator orrin hatch said both sides were about 23 dal billion away from a deal. that sounds like a lot. in washington that is nothing, going over the cliff. we were looking more than 600 dal billion in tax increases and spending cuts. wall street was pleased what they heard today. the president is meeting with top ceos as...
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cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next and i'm max gold reserves stored securely so after decades of trying the buddhist bank actually has responded to all the queries through the gaps if a large shell from max kaiser they actually give a list of where their gold is stored and they say that despite frankfurt has one thousand and thirty six tons or thirty one percent of germany's gold the federal reserve bank of new york has one thousand five hundred thirty six tons or forty five percent of all of germany's gold bank of england has four hundred fifty tons or thirteen percent bank de france has three hundred seventy four tons or eleven percent well that's not going to return to germany because as you head to the cliff whether stuff fiscal cliff or the bond cliff the gold held in america on behalf of germany will not be returned but germany knows this and that's why germany and is ransacking the economies of europe right now because they have their eye on the gold in gr
cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next and i'm max gold reserves stored securely so after decades of trying the buddhist bank actually has responded to all the queries through the gaps if a large shell from max kaiser they actually give a list of where their gold is stored and they say that despite frankfurt has one thousand and thirty six tons or thirty one percent of...
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Nov 28, 2012
11/12
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been reached to avoid falling off the so-called fiscal cliff, but kicking the can down the room with a gimmick-filled back room deal that won't solve the true problems we face as a country. it's time to return to the mind-set that president kennedy spoke of in the year i was born in 1961, instead of holding out your hand for a check, we should all be asking what we can do to make this a better country to live in. here with the latest on the fiscal cliff, the showdown, much more, stuart varney from the fox business network and the cohost of "the five," dana perino. can i have free birth control, free healthcare? what's snowpacked. >> i don'what's happened?>> i dy wakes up in the morning, saying what can the government to give to me? there's still self determination to get ahead, but the government sits like a lead weight on our ankles. particularly if you get into a situation where the government is not just your safety net, but becomes part of your everyday life for maybe a generation or two, it becomes harder to break that cycle. >> look, i think deep down america knows that what's
been reached to avoid falling off the so-called fiscal cliff, but kicking the can down the room with a gimmick-filled back room deal that won't solve the true problems we face as a country. it's time to return to the mind-set that president kennedy spoke of in the year i was born in 1961, instead of holding out your hand for a check, we should all be asking what we can do to make this a better country to live in. here with the latest on the fiscal cliff, the showdown, much more, stuart varney...
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fiscal cliff fatigue is where we are going. cheryl and dennis are coming up next. they have a republican and a democrat on to ask them when we will get. so we can fix this and get back to business. dagen: we will bring you those live pictures from egypt where riot police are now using tear gas on protesters. ♪ but en was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health umbers. unitedhealthcare. dennis: i'm dennis kneale. cheryl: i'm cheryl casone. the plan to tax the rich moves forward meeting with a group of governors. dennis: when will washington be serious about fixing the mess? we grill a democrat and republican in moments. cheryl: time to buy beaten down airline stocks, how much the average holiday ticket is going in. dennis: bacon scented facial cream and other bacon products right here. cceryl: stocks now, of course, every 15 minutes with nicole on the floor of the new york stock exchange, nicole? a lot of people love bacon. i once
fiscal cliff fatigue is where we are going. cheryl and dennis are coming up next. they have a republican and a democrat on to ask them when we will get. so we can fix this and get back to business. dagen: we will bring you those live pictures from egypt where riot police are now using tear gas on protesters. ♪ but en was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's...
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Nov 16, 2012
11/12
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CNNW
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what a lot of people think is that if the fiscal cliff comes to pass, you'll increase taxes on people, cut spending and no one will have money to spend and it will cause a recession, a double dip, the second recession. i asked alan greenspan about it. he said actually -- listen very carefully, alan greenspan doesn't talk like you and i do, he talks in a complicated fashion. he told me it could cause a recession, but it may not be as bad as you think. listen. >> imf studies show definitively if you cut spending in a situation like this, it does lower the gdp, but nowhere near the amount that an increase in taxes lowers the rate of an increase, gdp. so that i think if we have to have a moderate recession to solve this huge fiscal problem that is in front of us, think pause we without paying. there is a presumption we have a whole schedule of economic policies which can just basically solve the problems to normal situations. it is not. >> so that's the point. he says don't be so worried about doing the right thing as he sees it, because of a recession, we might have to have a recession,
what a lot of people think is that if the fiscal cliff comes to pass, you'll increase taxes on people, cut spending and no one will have money to spend and it will cause a recession, a double dip, the second recession. i asked alan greenspan about it. he said actually -- listen very carefully, alan greenspan doesn't talk like you and i do, he talks in a complicated fashion. he told me it could cause a recession, but it may not be as bad as you think. listen. >> imf studies show...
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economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with th
economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months...
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Dec 7, 2012
12/12
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coming up sunday on "meet the press," the fiscal cliff debate. the latest between house republican whip kevin mccarthy and assistant senate majority leader dick durbin, the two men who have been at the table. congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether they'll go interest a small deal, band-aid approach or grand bargain. >> the good news is while it's a nail biter, that's for sure, we all wish we could solve some of these problems without going to the brink like we do in politics, i think they're going to get this resolved and be able to put in place a plan not just to avert the fiscal cliff, but importantly to really tackle the deficit and debt problems in this country. i am concerned that deal won't be big enough. is it going to be small or medium or big. we need a plan big enough to fix the deficit problems and make sure the debt is no longer growing faster than the economy. we're no
coming up sunday on "meet the press," the fiscal cliff debate. the latest between house republican whip kevin mccarthy and assistant senate majority leader dick durbin, the two men who have been at the table. congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether they'll go interest a small deal, band-aid approach or grand bargain....